Seven IPOs to hit the market amid robust activity in India's primary market
Mumbai: Despite mixed sentiments in the Indian secondary market, the primary market remains active. Seven companies are set to launch Initial Public Offerings (IPOs) next week, with two in the mainboard and five in the SME segment. Here’s a summary of the upcoming IPOs:
Mainboard IPOs:
1. Interarch Building Products IPO:
Issue Size: Rs 600.29 crores
Fresh Issue: 0.22 crore shares totaling Rs 200.00 crores
Offer for Sale: 0.44 crore shares totaling Rs 400.29 crores
Subscription Period: August 19, 2024 – August 21, 2024
Allotment Finalization: August 22, 2024
Listing Date: August 26, 2024 (BSE and NSE)
- Price Band: Rs 850 – Rs 900 per share
- Minimum Lot Size: 16 shares
- Minimum Investment for Retail Investors: Rs 14,400
2. Orient Technologies IPO:
Issue Size: Rs 214.76 crores
Fresh Issue: 0.58 crore shares totaling Rs 120.00 crores
Offer for Sale: 0.46 crore shares totaling Rs 94.76 crores
Subscription Period: August 21, 2024 – August 23, 2024
Allotment Finalization: August 26, 2024
Listing Date: August 28, 2024 (BSE and NSE)
Price Band: Rs 195 – Rs 206 per share
Minimum Lot Size: 72 shares
Minimum Investment for Retail Investors: Rs 14,832
SME Segment IPOs:
1. Brace Port Logistics IPO:
Subscription Period: August 19, 2024 – August 21, 2024
Price Band: Rs 76 – Rs 80 per share
2. Forcas Studio Logistics IPO:
Subscription Period: August 19, 2024 – August 21, 2024
Price Band: Rs 77 – Rs 80 per share
3. Ideal Technoplast Industries IPO:
Subscription Period: August 21, 2024 – August 23, 2024
Price: Rs 121 per share
4. QVC Exports IPO:
Subscription Period: August 21, 2024 – August 23, 2024
Price: Rs 86 per share
5. Resourceful Automobile IPO:
Subscription Period: August 22, 2024 – August 26, 2024
Price: Rs 117 per share
IBNS
Senior Staff Reporter at Northeast Herald, covering news from Tripura and Northeast India.
Related Articles
CRR cut, AI ethics push, and SORR benchmark: Experts hail RBI’s pragmatic policy moves
Mumbai: The Reserve Bank of India (RBI) has kept the repo rate unchanged at 6.5% while the cash reserve ratio (CRR) has been slashed by 50 basis points to 4 percent, media reports said.
JP Morgan gives 'overweight' rating to Adani Group bonds
Mumbai: US investment bank JP Morgan has assigned an 'overweight' rating to four bonds issued by the Adani Group, citing the group's capacity to scale and grow through internal cash flows, which reduces the likelihood of credit stress.
LG Electronics files DRPH with SEBI; IPO size expected to be over RS 15,000 cr
Mumbai: South Korean electronics giant LG Electronics has filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) on Friday for the proposed public listing of its Indian business, according to a notification on the Bombay Stock Exchange (BSE).
De-dollarisation not on India's agenda; derisking domestic trade is: RBI Governor Shaktikanta Das
Mumbai: India has not initiated any steps towards de-dollarisation and is solely focused on mitigating risks to domestic trade from geopolitical uncertainties, Reserve Bank of India (RBI) Governor Shaktikanta Das clarified on Friday, media reports said.
Latest News
US: Michigan church attack leaves four dead, gunman shot down
Narendra Modi congratulates Team India on Asia Cup win over Pakistan, recalls Operation Sindoor
India celebrate Asia Cup win without trophy after stand-off with Pakistani Minister Mohsin Naqvi
Tamil Nadu: Vijay’s party blames DMK ‘conspiracy’ for Karur stampede, seeks probe by SIT or CBI
